To ensure the ongoing affordability of generic medications for Americans, BCBS is committing $55 million to establish a partnership with Civica Rx to reduce costs of generics for consumers.
Employers, unions and health plans hire Pharmacy Benefit Managers (PBMs), which in turn negotiate rebates and discounts from drug companies.
What is transparency and how does it affect drug costs?
How do pharmacy benefit managers protect consumers and employers from high drug prices?
Pharmacy benefit managers (PBMs) administer prescription drug plans for nearly 270 million Americans.